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Markets Power Higher on EU Optimism

This transcript has been automatically generated and may not be 100% accurate.

... I ... now all almost two and twenty points ... all the stocks today are of very sharply the Nasdaq up more than two percent at two pm ball so ... it's not just on a fruit ... of five percent goal ... of three percent c'mon it's a rollicking rally ... equities to rally ... the euro is rallying everything even Spanish bond yields are discount today ... what do I mean in the last day in the second quarter last trading day right ... the difference here at the MarketsHub morning everyone I am Paul vignette ... thanks for joining us from going by Mr John Shane ... is can explain this rally to us also with an alternative theory and might be ... the Paul vignette berthing celebre I can now download a a a ... no not ... on the media call him ... on it here's my question is this really been making to the closing bell is this thing got some some into a ... well yesterday look we had a beat ... you know reverse of this we saw a smaller labor Dowling while in the afternoon liao rallied everything ... reversed on onthe on this but I have to wonder whether or not there was some relation here because today looks like a heckuva follows them into docent at it I don't know there was talk about ... the lineages another that you move your regiments from about three o'clock yesterday to right now write Dow's up ... more than three hundred fifty points right I mean quite close reporter was ... being the rally is this just it really is is just an end of the quarter thing when you're right the point that I was a bit bitter relief rally in the end of quarter been window dressing all the things that has not been a very good quarter sure I know it's been a terrible court in May was largely responsible for that ... I'm that old saying Sell in May go away ... really ... proved its mettle this year ... I'll look it's hard to say whether or not this will be ... calm ... enough to soothe investors for some time I mean we saw that happened with ... what the ECB did last December that they must cover rent for the markets to rally for the first quarter and I was just ... strange quarter in any do we get something like that are not ... willing to say that I know that ... we've seen a lot of false starts and then a lot of ... head fakes from especially from the European side as well as from the day here in us ... signals from the emerging markets so ... you know I'd be wary of reading too much into this fight ... but it's really a do it right I mean what it is Dow's up to one point I mean is happening is real the numbers kept ... a clean up was whether not celebrating the Mets and now Waterloo Canada where Research in motion to ... move in the opposite direction I now Research in motion a ... terrible earnings report yesterday afternoon stock until today right that's right am fourteen percent or so at last glance but ... you know that's that's not much surprise I don't think this is the first ... quarterly loss of the probably retaking seven years and put huge much worse than expected that the deal was ... much worse than expected that's right so they can see Research in Motion eyes ... were on the chart their posts ... down almost eighteen percent said Tuesday ... I mean this is you know the the death knell for this one ... a lot when people are ringing that bell that's right but you know other than there and I think the rest the market is just ... I did take a look at the Friday and so ... we realized we didn't have the right range